Advanced Energy Industries, Inc. (NASDAQ:AEIS) Shares Sold by Blue Trust Inc.

Blue Trust Inc. lessened its stake in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 49.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 410 shares of the electronics maker’s stock after selling 400 shares during the quarter. Blue Trust Inc.’s holdings in Advanced Energy Industries were worth $47,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Nisa Investment Advisors LLC raised its position in shares of Advanced Energy Industries by 1.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 5,008 shares of the electronics maker’s stock valued at $579,000 after buying an additional 85 shares during the last quarter. Integrated Investment Consultants LLC grew its stake in Advanced Energy Industries by 2.2% in the 4th quarter. Integrated Investment Consultants LLC now owns 4,594 shares of the electronics maker’s stock worth $531,000 after acquiring an additional 100 shares during the period. Stifel Financial Corp raised its holdings in Advanced Energy Industries by 1.0% in the 3rd quarter. Stifel Financial Corp now owns 10,752 shares of the electronics maker’s stock valued at $1,132,000 after acquiring an additional 102 shares during the last quarter. Heritage Family Offices LLP lifted its stake in shares of Advanced Energy Industries by 6.1% during the 4th quarter. Heritage Family Offices LLP now owns 2,019 shares of the electronics maker’s stock worth $233,000 after purchasing an additional 116 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of Advanced Energy Industries by 5.5% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 2,496 shares of the electronics maker’s stock worth $263,000 after purchasing an additional 130 shares during the period. Hedge funds and other institutional investors own 99.67% of the company’s stock.

Advanced Energy Industries Trading Up 1.6 %

Shares of AEIS stock opened at $123.40 on Thursday. Advanced Energy Industries, Inc. has a fifty-two week low of $89.11 and a fifty-two week high of $132.16. The firm’s 50 day moving average price is $118.69 and its two-hundred day moving average price is $111.97. The stock has a market cap of $4.65 billion, a price-to-earnings ratio of 86.29, a price-to-earnings-growth ratio of 1.39 and a beta of 1.45. The company has a quick ratio of 3.27, a current ratio of 4.42 and a debt-to-equity ratio of 0.47.

Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings results on Wednesday, February 12th. The electronics maker reported $1.06 earnings per share for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.03). Advanced Energy Industries had a return on equity of 8.90% and a net margin of 3.66%. On average, analysts anticipate that Advanced Energy Industries, Inc. will post 3.66 EPS for the current year.

Advanced Energy Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Monday, February 24th will be paid a $0.10 dividend. The ex-dividend date is Monday, February 24th. This represents a $0.40 annualized dividend and a dividend yield of 0.32%. Advanced Energy Industries’s dividend payout ratio (DPR) is presently 27.97%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on AEIS shares. Robert W. Baird lowered their price objective on Advanced Energy Industries from $138.00 to $136.00 and set an “outperform” rating for the company in a research report on Thursday, February 13th. Needham & Company LLC restated a “buy” rating and issued a $145.00 price target on shares of Advanced Energy Industries in a report on Thursday, February 13th. Bank of America upgraded shares of Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $140.00 price objective on the stock in a report on Monday, December 16th. TD Cowen decreased their target price on shares of Advanced Energy Industries from $120.00 to $118.00 and set a “hold” rating on the stock in a research report on Thursday, October 31st. Finally, Citigroup raised shares of Advanced Energy Industries from a “neutral” rating to a “buy” rating and upped their price target for the stock from $110.00 to $138.00 in a research report on Monday, January 6th. Four investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $126.56.

Insider Activity

In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,600 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $129.37, for a total transaction of $206,992.00. Following the completion of the sale, the director now owns 3,492 shares in the company, valued at $451,760.04. The trade was a 31.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.87% of the company’s stock.

Advanced Energy Industries Company Profile

Advanced Energy Industries, Inc provides precision power conversion, measurement, and control solutions in the United States and internationally. The company's plasma power products offer solutions to enable innovation for semiconductor and thin film plasma processes, such as dry etch and deposition.